Five Star Bancorp (NASDAQ:FSBC) Shares Gap Down After Insider Selling

Key Points

• Five Star Bancorp shares gapped down to $29.59 from a closing price of $30.79, with analysts maintaining a consensus rating of "Moderate Buy" and a target price of $35.00.
• In its latest quarterly earnings report, Five Star Bancorp reported earnings of $0.68 per share, surpassing expectations, and announced a quarterly dividend of $0.20 per share.
• CEO James Eugene Beckwith sold 6,429 shares at an average price of $27.74, which represents a 1.35% decrease in his ownership of the company's stock.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report)'s share price gapped down prior to trading on Monday after an insider sold shares in the company. The stock had previously closed at $30.79, but opened at $29.59. Five Star Bancorp shares last traded at $31.05, with a volume of 442 shares trading hands.

Specifically, COO Lydia Ann Ramirez-Medina sold 825 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $30.94, for a total value of $25,525.50. Following the completion of the sale, the chief operating officer directly owned 11,960 shares of the company's stock, valued at approximately $370,042.40. This represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FSBC shares. Raymond James Financial cut their price target on shares of Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Citigroup reaffirmed an "outperform" rating on shares of Five Star Bancorp in a research note on Wednesday, April 30th. DA Davidson upped their price objective on shares of Five Star Bancorp from $37.00 to $39.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Five Star Bancorp from $32.00 to $33.00 and gave the company a "market perform" rating in a research note on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Five Star Bancorp Trading Up 4.5%

The company has a market cap of $696.88 million, a price-to-earnings ratio of 13.31 and a beta of 0.51. The business has a fifty day moving average price of $29.78 and a two-hundred day moving average price of $28.84.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.03. The company had revenue of $38.33 million for the quarter, compared to the consensus estimate of $37.60 million. Five Star Bancorp had a return on equity of 12.89% and a net margin of 22.14%. On average, analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Monday, August 4th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.5%. Five Star Bancorp's payout ratio is presently 32.65%.

Institutional Investors Weigh In On Five Star Bancorp

Several large investors have recently made changes to their positions in FSBC. CWM LLC grew its stake in shares of Five Star Bancorp by 375.9% in the 2nd quarter. CWM LLC now owns 1,047 shares of the company's stock valued at $30,000 after buying an additional 827 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Five Star Bancorp in the 2nd quarter valued at approximately $34,000. BNP Paribas Financial Markets bought a new stake in shares of Five Star Bancorp in the 4th quarter valued at approximately $60,000. GAMMA Investing LLC grew its stake in shares of Five Star Bancorp by 8,240.7% in the 1st quarter. GAMMA Investing LLC now owns 2,252 shares of the company's stock valued at $63,000 after buying an additional 2,225 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Five Star Bancorp in the 2nd quarter valued at approximately $64,000. Institutional investors own 46.94% of the company's stock.

About Five Star Bancorp

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.